Current Affairs · Banking Regulations
The Digital Payments – E-Mandate Framework introduced by the Reserve Bank of India standardizes recurring payment systems. Which combination correctly reflects the payment instruments, transaction scope, and configurable parameters under this framework?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Cards, UPI, and PPIs strictly for domestic transactions; specific auto-recharge thresholds and mandatory opt-out schedules
- 2Prepaid Payment Instruments (PPIs) and UPI for cross-border transactions only; preferred grievance redressal modes and maximum daily transaction limits
- 3Cards, UPI, and Prepaid Payment Instruments (PPIs) across both domestic and cross-border transactions; the validity period and fixed or variable transaction limits✓
- 4Cards and UPI for domestic transactions exclusively; transaction processing times and fixed billing dates
Correct answer
Cards, UPI, and Prepaid Payment Instruments (PPIs) across both domestic and cross-border transactions; the validity period and fixed or variable transaction limits
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